About CompuBal
What is CompuBal?
CompuBal is balance sheet and audit report software from the CompuTax range, for Chartered Accountants, tax professionals and businesses in India. It prepares financial statements under the Companies Act, 2013 — the Schedule III balance sheet with automatically generated notes, a Schedule II depreciation chart and an indirect-method cash flow statement — as well as statements for entities that are not companies.
For tax audit, CompuBal prepares and files Forms 3CD, 29B and 10CCC online, with validations, an error locator, ratio calculations in Form 3CD, TDS import from CompuTDS and DSC signing. It imports data from Tally and Excel, merges the statements of several businesses of one client, and transfers figures to CompuTax for income tax returns.
Who is CompuBal for?
- Chartered Accountants preparing company and non-company financial statements.
- Tax auditors preparing and e-filing Form 3CD and other audit forms.
- Practices already using CompuTax and CompuTDS for income tax and TDS returns.
What type of software is CompuBal?
CompuBal is listed under Audit Software.
What are CompuBal's core capabilities?
- Company financial statements: Schedule III balance sheet, Schedule II depreciation chart, indirect-method cash flow statement, MGT-9 and notes generated automatically.
- Non-company statements: Horizontal and vertical balance sheets, Income & Expenditure and Receipts & Payments accounts, multiple and columnar trading accounts and a previous-year column.
- Tax audit filing: Preparation and online filing of Forms 3CD, 29B and 10CCC, with validations, an error locator, ratio calculation and DSC signing.
- Depreciation: An asset-wise depreciation calculator and depreciation charts under the Companies Act and the Income-tax Act.
- Imports and integration: Imports from Tally, Excel and CompuTDS, and transfers figures to CompuTax for ITR preparation.
- Templates: Independent auditor's report, Board's report and notes under the Companies Act, 2013.
- Schedule III Financial Statements
- Non-Corporate Formats
- Notes to Accounts
- Cash Flow Statement
- Prior-Year Comparatives
- Form 3CD Clause-wise Working
Answers above are based on CompuBal's website, read on 23 Oct 2026.
Who makes CompuBal?
CompuBal is part of the CompuTax range of software for tax professionals, alongside CompuTax for income tax returns and CompuTDS for TDS returns. Its product page does not give the company's legal name or founding details.
What CAs are saying about CompuBal
CompuBal has no reviews on SoftwaresForCA yet.
Key features
- ◐Audit Report & Representation Letters — Independent auditor's report templates; representation letters not mentioned.Generate audit reports, management representation letters and management letters (SA 580, SA 700).
- ◐Trial Balance Import — Imports from Tally and Excel.Import trial balances from Tally, other accounting software or Excel.
- ✓Schedule III Financial StatementsGenerate balance sheet and profit & loss in Schedule III format (Division I, II and III).
- ✓Non-Corporate FormatsPrepare financial statements for LLPs, partnerships, trusts and proprietorships.
- ✓Notes to AccountsGenerate notes, accounting policies and disclosure schedules.
- ✓Cash Flow StatementPrepare cash flow statements under AS 3 or Ind AS 7.
- ✓Prior-Year ComparativesCarry forward previous-year figures and regroup them for comparison.
- ◐Ratio Analysis — Ratios calculated for Form 3CD; Schedule III ratio disclosures not named.Calculate the ratios required under Schedule III with variance explanations.
- ◐Consolidated Financial Statements — Merges statements of several businesses of one client.Consolidate subsidiaries, associates and joint ventures.
- ◐Export & XBRL — PDF and Excel output; XBRL not mentioned.Export statements to Excel or PDF and prepare XBRL files for MCA filing.
- ✓Form 3CD Clause-wise WorkingPrepare each Form 3CD clause with supporting workings.
- ◐Auto-fill from Books — Imports Tally, Excel and TDS data into the forms.Fill Form 3CD details directly from the trial balance and ledgers.
- ✓Income Tax DepreciationCalculate depreciation by asset block as per the Income-tax Act.
- ◐Income Tax Portal Upload — Forms filed online with DSC signing; JSON export not mentioned.Export the Form 3CD JSON for upload on the income tax portal.
Show 36 more items (not supported or not yet verified)
- ?Engagement Acceptance & LettersRun acceptance and independence checks and generate engagement letters (SA 210).
- ?Materiality & Risk AssessmentSet materiality thresholds and assess risks of material misstatement (SA 320, SA 315).
- ?Audit Programmes & SA ChecklistsUse pre-built audit programmes by entity type, mapped to the Standards on Auditing.
- ?Digital Working PapersPrepare working papers linked to the trial balance with cross-referenced evidence.
- ?Sampling & VouchingSelect samples and attach vouching evidence to each tested transaction (SA 530).
- ?Ledger Scrutiny & AnalyticsScan full ledgers for unusual entries, duplicates and high-risk journals (SA 240).
- ?Client Document RequestsRequest, collect and track documents and confirmations from the client (SA 505).
- ?Review & Sign-off WorkflowRoute work through preparer, reviewer and partner with review notes and sign-offs.
- ?CARO 2020 ReportingWork through CARO 2020 clause by clause and draft the annexure to the audit report.
- ?File Assembly & ArchivalLock the completed audit file and keep a trail of edits and approvals (SA 230, SQC 1).
- ?Ledger Grouping & MappingMap ledgers to financial statement line items and reuse the mapping across years.
- ?Adjustment EntriesPass audit and closing adjustments without changing the client's books.
- ?Audit Universe & Annual PlanDefine auditable areas and plan internal audits for the year.
- ?Risk & Control MatrixDocument process risks, controls and control owners.
- ?Process Audit ChecklistsUse checklists for processes like procure-to-pay, order-to-cash and payroll.
- ?Control Testing & IFCTest design and operating effectiveness of controls, including internal financial controls.
- ?Observations & Risk RatingRecord findings with risk ratings, root causes and recommendations.
- ?Management Responses & Action TrackingCollect management responses and track action items to closure.
- ?Multi-Location & Branch AuditsRun audits across branches, plants or locations under one engagement.
- ?Internal Audit ReportsGenerate internal audit reports and summaries for the audit committee.
- ?Internal Audit DashboardView open observations, overdue actions and audit progress.
- ?Tax Audit Applicability CheckCheck whether a tax audit is required under Section 44AB.
- ?Cash Transaction ChecksIdentify cash payments and receipts under Sections 40A(3), 269SS, 269ST and 269T.
- ?Section 43B DisallowancesIdentify unpaid statutory dues and delayed MSME payments under Section 43B.
- ?TDS Compliance CheckIdentify TDS defaults and related disallowances under Section 40(a)(ia).
- ?Prior-Year ComparisonCompare Form 3CD details with the previous year's report.
- ?Form 3CA/3CB GenerationGenerate the tax audit report in Form 3CA or Form 3CB.
- ?GSTR-9 PreparationPrepare the GST annual return from books and filed returns.
- ?GSTR-9C Reconciliation StatementPrepare the reconciliation statement between books and GSTR-9.
- ?Turnover ReconciliationReconcile turnover and tax between books, GSTR-1 and GSTR-3B.
- ?ITC ReconciliationReconcile input tax credit between books, GSTR-2B and GSTR-3B.
- ?Ineligible ITC & Reversal ChecksIdentify blocked credits and required reversals under Section 17(5) and Rules 37, 42 and 43.
- ?Reverse Charge VerificationVerify tax payable and paid under reverse charge.
- ?HSN Summary VerificationCheck HSN-wise summaries against books and filed returns.
- ?E-invoice & E-way Bill ReconciliationMatch e-invoices and e-way bills with sales records.
- ?Multi-GSTIN ConsolidationHandle multiple GSTINs of the same PAN in one engagement.